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Earnings transcript
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RSG
Republic Services, Inc.
$219.96
-2.22
(-1%)
| Exchange: | NYSE |
| Market Cap: | 67.672B |
| Shares Outstanding: | 204.027M |
Delayed data
About The Company
| Sector: | Industrials | |||||
| Industry: | Waste Management | |||||
| CEO: | Jon Vander Ark | |||||
| Full Time Employees: | 42000 | |||||
| Address: |
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| Website: | https://www.republicservices.com |
Republic Services, Inc., along with its subsidiaries, delivers comprehensive environmental services across the United States. The company specializes in the collection and processing of recyclable materials, alongside the gathering, transfer, and responsible disposal of non-hazardous solid waste, in addition to other environmental solutions. Its collection activities encompass curbside pickups, facilitating transport to transfer stations, landfills, or recycling facilities; the provision of waste and recycling containers; and compactor rentals. Beyond collection, Republic Services engages in the processing and sale of commodities such as old corrugated containers, newsprint, aluminum, and glass. The company also operates landfill and transfer services, manages the disposal of non-hazardous solid and liquid industrial waste, and provides on-site logistics and transportation. Serving a broad customer base, including residential, small-container, and large-container clients, Republic Services maintains a vast operational footprint. As of December 31, 2021, this included 356 collection operations, 239 transfer stations, 198 active landfills, 71 recycling processing centers, 6 saltwater disposal wells, 7 deep injection wells, and 3 treatment, recovery, and disposal facilities across 41 states. Furthermore, it oversees 77 landfill gas-to-energy and renewable energy projects and manages 124 closed landfills. The company, founded in 1996, is headquartered in Phoenix, Arizona.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 14,964,500 | 16,032,000 | 16,591,000 |
| Gross Profit | 4,423,000 | 4,898,000 | 6,961,000 |
| EBITDA | 4,320,500 | 4,766,000 | 5,096,000 |
| Operating Income | 2,843,300 | 3,224,000 | 3,322,000 |
| Net Income | 1,731,000 | 2,043,000 | 2,139,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 31,410,000 | 32,402,000 | 34,366,000 |
| Total Liabilities | 20,867,000 | 20,995,000 | 22,398,000 |
| Total Stockholders Equity | 10,542,000 | 11,405,000 | 11,968,000 |
| Total Debt | 13,069,000 | 12,957,000 | 596,000 |
| Cash and Cash Equivalents | 140,000 | 74,000 | 76,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 3,617,800 | 3,936,000 | 4,296,000 |
| Capital Expenditure | -1,631,100 | -1,855,000 | -1,887,000 |
| Free Cash Flow | 1,986,700 | 2,081,000 | 2,409,000 |
| Net Income | 1,731,400 | 2,044,000 | 2,139,000 |
| Net Change in Cash | 13,200 | -25,000 | 46,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 20,493,616.894 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 20,983,416.525 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 20,738,678.437 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 7,106,004.829 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 7,275,839.103 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 7,190,978.043 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 3,135,081.574 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 3,232,840.391 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 3,183,993.732 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 2,125,606.458 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 2,176,408.680 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 2,151,024.344 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 10.210 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 10.360 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 10.050 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 7 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 5 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Financial Performance: Republic Services reported strong revenue growth in Q2 2025, as highlighted in the earnings call transcript, with key financial results surpassing expectations. Historical income statements indicate consistent growth in revenue, gross profit, and net income over recent years, supported by strong operating cash flow and free cash flow metrics from cash flow statements.
- Operational Efficiency and Profitability: Key metrics show a healthy gross profit margin TTM and net profit margin TTM, reflecting efficient cost management. The return on equity (ROE) TTM and return on invested capital (ROIC) TTM are indicative of effective capital utilization, positioning RSG favorably within the waste management industry.
- Commitment to Sustainability: The Q2 2025 earnings call emphasized significant investment in sustainability initiatives, aligning with industry trends toward environmental responsibility. This focus enhances brand reputation and long-term value creation, as noted in the company’s strategic priorities.
- Strong Market Position: As part of the waste management industry within the industrials sector, RSG benefits from a stable market presence with a substantial market cap and consistent dividend yield TTM, providing investor confidence and income stability.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates RSG intrinsic value between $97.27 – $158.13 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
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Common questions about RSG valuation
Is Republic Services, Inc. (RSG) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Republic Services, Inc. (RSG) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is RSG a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether RSG trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is RSG’s P/E ratio?
You can see RSG’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for RSG?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is RSG a good long-term investment?
Whether RSG fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
RSG
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